Treasuries Weekly — January 23, 2026: 22,305 BTC · 35,268 ETH from 2 entities

Section 01 The Week

Strategy (MSTR) acquired 22,305 BTC for $2.125 billion on January 20th, the largest corporate purchase this week by USD value. BitMine Immersion Technologies (BMNR) added 35,268 ETH, valued at $103.6 million, in a separate transaction the same day. Two distinct companies filed treasury activity; no new corporate stackers entered the cohort. Strategy now holds 818,334 BTC across its balance sheet, extending its lead as the largest corporate BTC holder ahead of the iShares Bitcoin Trust's 811,982 BTC.

Filings Recent Purchases

Company	Amount	USD	Date
Strategy (MSTR)	22,305 BTC	$2.1B	Jan 20
BitMine Immersion Technologies (BMNR)	35,268 ETH	$103.6M	Jan 20

Section 02 Notable Filings

Strategy's January 20th acquisition is documented in SEC filing 0001193125-26-016002, submitted January 5th. The filing details the $2.125 billion purchase executed at $95,253 per BTC. BitMine's 35,268 ETH position ($103.6 million at $2,936.90 per token) was reported on the same date but lacks a linked SEC accession number in this week's data bundle. Treasury professionals should review both filings for contribution method, timing, and balance-sheet classification language.

Leaderboard Top Five

#	Company	Holdings	Value
1	Strategy (MSTR)	818,334 BTC	$64.5B
2	BlackRock iShares Bitcoin Trust (IBIT)	811,982 BTC	$64.0B
3	United States (GOV-US)	328,372 BTC	$25.9B
4	China (GOV-CN)	194,000 BTC	$15.3B
5	Fidelity Wise Origin Bitcoin Fund (FBTC)	187,975 BTC	$14.8B

Section 03 One Chart

Entity	Share of top-five concentration	Holdings
Strategy (MSTR)		818,334 BTC
BlackRock iShares Bitcoin Trust (IBIT)		811,982 BTC
United States (GOV-US)		328,372 BTC
China (GOV-CN)		194,000 BTC
Fidelity Wise Origin Bitcoin Fund (FBTC)		187,975 BTC

Strategy's January purchase price of $95,253 per BTC sits roughly $16,475 above spot levels this week. The cohort's BTC holdings have consolidated around the 818,000 mark at the corporate level, with ETF products now representing material share of institutional stack. Fear-and-greed sits at 47 (Neutral), reflecting sideways positioning across the filer base.

You're reading Treasuries Weekly — a briefing on corporate BTC, ETH, and SOL balance-sheet adoption from CorpStacking.
Editorial is not investment advice. Data sourced from SEC EDGAR, CoinGecko, and primary corporate filings.

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